1038 20TH AVE S E MINNEAPOLIS MN 55414

PID: 1902923220056

Property Overview

Parcel ID1902923220056

Lot Size5,508 sq ft (0.126 ac)

Lot Dimensions (est.)137 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerJOHN WOLTERS/MARY A WOLTERS

Assessed Value$293,800

Land Value$83,000

Building Value$210,800

Annual Tax$4,548

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Como · Minneapolis

Median reported rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth98 ft

Area~2,930 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,930 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1034 20TH AVE S E MINNEAPOLIS MN 55414	1034 20TH LLC	RESIDENTIAL	$278,000	40 ft
1042 20TH AVE S E MINNEAPOLIS MN 55414	1042 20TH AVE SE LLC	RESIDENTIAL	$435,300	40 ft
1030 20TH AVE S E MINNEAPOLIS MN 55414	SAMAR ALZOUBI INC	RESIDENTIAL	$253,900	80 ft
1044 20TH AVE S E MINNEAPOLIS MN 55414	K J EBERT & C P KRAUZE	RESIDENTIAL-TWO UNIT	$341,000	80 ft
1026 20TH AVE S E MINNEAPOLIS MN 55414	COMO INVSTMNT PROPERTIES LLC	RESIDENTIAL	$251,500	120 ft
1050 20TH AVE S E MINNEAPOLIS MN 55414	BARBARA & STEVE SWORSKI	RESIDENTIAL	$329,000	130 ft
1033 21ST AVE S E MINNEAPOLIS MN 55414	CAMBORNE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$411,200	134 ft
1054 20TH AVE S E MINNEAPOLIS MN 55414	CITY OF MPLS	LAND-COMMERCIAL	$0	136 ft
1022 20TH AVE S E MINNEAPOLIS MN 55414	421 NE LLC	RESIDENTIAL	$275,100	160 ft
1029 21ST AVE S E MINNEAPOLIS MN 55414	COMO 21ST LLC	RESIDENTIAL-TWO UNIT	$294,100	169 ft

Property History

Most Recent Sale

Date200510

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,548